In April, S&P 500 and Nasdaq rose 1.4 per cent and 0.5 per cent, respectively, but on a year-to-date basis, Nasdaq 100 and S&P 500 were up 21 per cent and 9 per cent, respectively, despite bank runs, tech layoffs, and looming recession fears. The value factor outperformed the momentum factor by rising 5.9 per cent, followed by the momentum and quality factor, rising 5.8 per cent and 4.2 per cent, respectively.Īll the sectors contributed positively to the rise of the Nifty 500 in April, barring IT, which dragged the overall performance due to below estimate growth in income.įinancial services surprised positively by contributing 2 per cent (highest) to the overall rise of 4.5 per cent of Nifty 500 in April 2023. However, the IT sector gave negative returns of 3.5 per cent. This clearly highlights that good buying happened in the midcap and smallcap space due to good value offered by companies in those segments, according to Motilal Oswal Asset Management Company's (MOAMC) Global Market Snapshot report.Īmid input cost inflation, the real estate sector outperformed with staggering returns of 14.9 per cent, followed by auto and banks at 7.7 per cent and 6.5 per cent, respectively, while energy, FMCG, healthcare and metal sectors continued to rally and rose 4 per cent, 4,2 per cent, 5.5 per cent, and 5.5 per cent in April, respectively. New Delhi, May 10 (IANS): After a muted March, the Indian stock market rose 4.5 per cent in April, with the Nifty 50 rising 4.0 per cent while mid and smallcaps rose 5.2 per cent and 6.8 per cent, respectively.
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